About 160 employees will move to the Swedesford Road offices. In the new space, the workforce has the ability to grow to 200, said Jake Elguicze, treasurer and vice president of investor relations.

Teleflex will continue to operate one of its sites in the Reading area.

The headquarters in Limerick “is not representative of the new company we have become,” Elguicze said. In addition, “we are consolidating our facility footprint and management costs.”

Founded in 1943, the company made cable for the Spitfire, a British single-seat fighter aircraft that was used by the Royal Air Force and many other Allied countries throughout World War II.

Teleflex built its Limerick headquarters in 1974. It entered the medical device business in 1981.

Over time, Teleflex moved from being an operating company focused on engineering to becoming a diversified industrial company and eventually a medical device company. In 1984, it began shedding subsidiaries that didn’t fit into the medical device mold.

Today, Teleflex’s end customers are hospitals in the U.S. and abroad, Elguicze said.

About $150 million in products are sold as original equipment but the “vast majority” of Teleflex products are sold to other medical device manufacturers who in turn use them in their products and sell the finished devices to hospitals, Elguicze explained.

The company has 12,000 employees in 40 locations worldwide, mostly manufacturing and sales.

Traded on the New York Stock Exchange, Teleflex reported approximately $1.5 billion in revenues in 2011 and customers in more than 130 countries.

Elguicze said Teleflex began the process of evaluating new headquarter options in the spring of 2012.

“As part of the process, we examined a variety of alternatives within both Chester and Montgomery counties,” he said.

“We were attracted to CrossPoint’s first-class amenity package, which includes a fitness center, shared conference facilities and café, as well as easy access to Routes 202, 422, the Pennsylvania Turnpike and the Schuykill Expressway.”

In addition, the property provides the company with the ability to display the Teleflex logo prominently, with visibility from routes 202 and 422.

Elquicze said the company expects to complete the move sometime during the first quarter of 2014.

As part of the move, Teleflex will sell its current holdings in Limerick, a three-building complex totaling 200,000 square feet it owns off South Limerick Road.

Teleflex is using about 43,000 square feet of that space in one building. One building has a tenant, the other is unoccupied, Elguicze said.

The buildings are not yet on the market. Elguicze said he didn’t know what the listing price would be.